Three months ended

Nine months ended

September 30,

(dollars and shares in thousands, except per share data)

2023

2022

2023

2022

Net income

$

9,161

$

9,619

$

26,451

$

29,096

Dividends and undistributed earnings allocated to participating securities

67

90

186

312

Net income available to common shareholders

$

9,094

$

9,529

$

26,265

$

28,784

Weighted-average common shares outstanding for basic earnings per share

19,872

19,987

19,977

18,186

Dilutive effect of stock-based awards

223

243

216

245

Weighted-average common shares outstanding for diluted earnings per share

20,095

20,230

20,193

18,431

Earnings per common share:

Basic earnings per common share

$

0.46

$

0.48

$

1.31

$

1.58

Diluted earnings per common share

$

0.45

$

0.47

$

1.30

$

1.56